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WaterStar-Orlando
DevelopmentFloridaInvestment salesNews

SRS Brokers $28.4 Million Sale of Shopping Center Underway in Metro Orlando

by Hayden Spiess

Kissimmee, Fla. — SRS Real Estate Partners has brokered the $28.4 million sale of WaterStar Orlando, a 79,680-square-foot shopping center under construction in Kissimmee, roughly 18 miles outside Orlando. Equinox Development Properties is the seller and developer of the center, which is scheduled to open within the next few months. Marshalls, Burlington and pOpshelf will anchor the property, which will also house Noire Nail Bar and Keke’s Breakfast Café. An entity doing business as Orlando 22 LLC purchased the center. Kyle Stonis, Pierce Mayson and Kevin Yaryan of SRS’ Investment …

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Diamond-Plaza-Portage-Ind
IndianaInvestment salesNews

Marcus & Millichap Brokers $4 Million Sale of Retail Property in Portage, Indiana

by Hayden Spiess

Portage, Ind. — Marcus & Millichap has brokered the $4 million sale of Diamond Plaza, a 26,524-square-foot retail property in Portage. Tarek Chbeir of Marcus & Millichap secured and represented the buyer, a private investor. Josh Caruana, broker of record in Indiana, assisted in closing the transaction.

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LeasingMichiganNews

FitStop24 Signs 3,422-Square-Foot Retail Lease in Paw Paw, Michigan

by Hayden Spiess

Paw Paw, Mich. — Fitness concept FitStop24 has signed a 3,422-square-foot retail lease in Paw Paw. Bloom City Club Cannabis leases the other half of the building, which is located on Red Arrow Highway. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord in the lease. FitStop24 now operates 15 locations in Michigan and Indiana.

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Greg-Maloney-Bill-Rose
Company newsNew JerseyNews

Greg Maloney, Bill Rose Join Woodcliff Realty Advisors

by Hayden Spiess

Woodcliff Lake, N.J. — Greg Maloney and Bill Rose have joined New Jersey-based Woodcliff Realty Advisors. Maloney previously served as president and chief executive office of JLL Americas Retail and is currently a retail advisor with GTM Associates LLC. Rose is senior managing director of Marcus & Millichap’s Institutional Property Advisors (IPA). Both will maintain their individual practices, with Maloney assisting Woodcliff clients with foreclosures and receiverships, acquisitions and dispositions, and development strategies for converting retail properties to mixed-use. Rose will assist Woodcliff clients in maximizing value by selling or …

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Walgreens-Minneapolis
CaliforniaFloridaIllinoisInvestment salesMinnesotaNews

Hanley Brokers Sales of Three Walgreens-Occupied Properties Totaling $22.6 Million

by Hayden Spiess

Corona Del Mar, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sales of three single-tenant properties totaling $22.6 million. Each of the properties is leased to Walgreens. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., arranged the sale of the first property, located in Minneapolis, on behalf of the seller, a California-based private investor. A New York-based private investor purchased the 14,535-square-foot building for $6.6 million. Located in Sugar Grove, Illinois, the second property comprises 14,739 square feet. Bill Asher, Jeff Lefko and …

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Company newsNewsTexas

EoS Fitness Acquires Texans Fit Chain, Including Five Metro Houston Locations

by Hayden Spiess

Dallas — Dallas-based brand EoS Fitness has acquired gym chain Texans Fit, taking over and rebranding five locations in metro Houston. This acquisition marks 75 open gyms for EoS, which opened its first Texas location in Euless in January. Services as the former Texans Fit gyms will continue uninterrupted, and all employees have been offered the option to continue their employment. Another location is scheduled to open in Spring, Texas, later this month.

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LeasingNewsRestaurantsTexas

Whitestone Inks Four Leases Totaling 26,818 Square Feet in Texas

by Hayden Spiess

Houston and Sugar Land, Texas — Whitestone REIT has signed four new tenants to four of its Texas properties. Together, the leases total 26,818 square feet. Dough Zone Dumpling House will open a 3,863 square foot restaurant at BLVD Place property, located in Houston, bringing the property to 99 percent occupancy. Lion Square and Town Park Plaza, also in Houston, will see the addition of KPOT and China King Express, respectively. Beginning in March, KPOT will open a 9,865-square-foot restaurant, and China King Express has signed a 1,727-square-foot lease, marking …

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Wawa-Plantation-Fla
DevelopmentFloridaNews

Azor-Led Partnership Breaks Ground on 6,119-Square-Foot Wawa Gas Station in Metro Miami

by Hayden Spiess

Plantation, Fla. — A partnership led by South Florida shopping center owner and developer Beth Azor has begun construction on a 6,119-square-foot Wawa gas station and convenience store located in Plantation, roughly 30 miles north of Miami. The partnership, which is doing business as FLA BPI LLC, broke ground on the project April 4. The 1.7-acre property is situated within the northern portion of a three-acre site acquired by the partnership in 2016. Midtown Crossing, a 6,400-square-foot retail center, occupies the southern portion. Scheduled for completion in 12 months, the …

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Architectural Exterior detail of Porte Cochere with masivee video instialtion on celing at Darian st entrance to Live Casino Hotel Philadelphia
DevelopmentEntertainmentInvestment salesLouisianaNews

Cordish Cos. to Acquire, Redevelop Diamond Jacks Casino & Hotel in Bossier City, Louisiana

by Hayden Spiess

Bossier City, La. — The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana. Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces. The seller and acquisition price were not disclosed. Cordish was the development partner for …

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Uptown-Alley_Williamsburg
DevelopmentInvestment salesNewsVirginia

Uptown Alley to Open 64,000-Square-Foot Entertainment Venue in Williamsburg, Virginia

by Hayden Spiess

Williamsburg, Va. — Entertainment concept Uptown Alley has purchased the former Yankee Candle building in Williamsburg, with plans to open its fifth entertainment venue. The multilevel, mixed-use building is located on a six-acre site at 2200 Richmond Road. Dawn Griggs and Rob Wright of Cushman & Wakefield | Thalhimer represented the seller, Fulton Bank, in the $4 million sale. Upon completion, which is scheduled before the end of this year, the venue will feature upscale bowling, duckpin bowling, an arcade and a chef-driven restaurant.

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